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1. Introduction
DIMO is a car IoT platform based on Polygon, which aims to make each car intelligent and programmable, provide a service to help car owners completely control, and make full use of the data generated by its vehicle.
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Specifically, the DIMO project allows car owners and drivers to collect and share their vehicle data and record data, including cars driving kilometers, driving speed, location tracking, tire pressure, battery/engine health status, etc.By analyzing vehicle data, the DIMO platform can predict when to maintain and remind users in time. In this way, the driver can not only understand his vehicle in depth, but also contribute data to Dimo’s ecosystem.
In addition, the driver can get the DIMO token as a reward by contributing data.DIMO token is the local native currency of the DIMO network. Based on ERC-20, this token is designed to reward and motivate users to participate in and contribute in their ecosystems to maintain DIMO’s ecosystem.
2. Operation principle
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Simply put, the owner can connect its vehicle to the DIMO platform through DIMO compatible devices cooperated with hardware providers (such as AutoPi), such as Dimo X Autopi OBDII device.After the connection, DIMO will collect rich data from the vehicle, including basic information and higher -level driving mode data, and transmit it to the DIMO network, store on the chain, and link with unique vehicle ID, the latter in the form of NFT formexist.
3. Core mechanism
3.1 hardware and software integration
The core of the DIMO project is that it can effectively integrate hardware and software to achieve real -time monitoring, management and monetization of vehicle data.This integration not only enhances the availability and value of data, but also enhances the user’s control of their vehicle data.
3.1.1 hardware integration
OBDII equipment
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Dimo X Autopi: This is a major hardware component. It can read the vehicle’s diagnostic information and real-time data through the OBD-II port connection of the vehicle.
Function: Collect data such as speed, engine status, fuel consumption, fault code, etc.
Installation: Users can easily install almost any modern car without professional technical support.
compatibility:
Supporting a variety of models: compatibility with hardware design, including traditional cars and new energy vehicles, such as Tesla and Rivian.
Software integration: For vehicles that already have advanced connection functions (such as some Tesla models), DIMO provides direct software integration options without extra hardware.
3.1.2 Software Integration
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Mobile applications and network platforms:
User interface: Provide intuitive user interface for car owners to view and manage their vehicle data.
Data access and control: Users can control who can access their data and how to use these data through applications.
Data management:
Safety storage: All vehicle data are stored on the blockchain through encryption to ensure the security and integrity of the data.
Smart contract: Use smart contracts to automatically execute data access and monetization protocols to ensure the transparency and traceability of all transactions.
Developer support:
APIS: DIMO provides developer API, allowing third -party developers to easily access and use vehicle data to develop new applications and services.
Open source code: Most software components are open source, encouraging communities and developers to participate and contribute to the continuous improvement of the platform
Real -time data access: These devices enable the vehicle to transmit real -time data to the DIMO platform, including but not limited to the vehicle status (such as locking status, window location), driving data (such as speed, driving mode), environmental data (such as temperature, pressure)wait.
3.2 Data storage and chain management
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3.2.1 Data storage
Blockchain infrastructure:
Do not tampered with: Once all vehicle data is uploaded to the blockchain, it cannot be tampered with or deleted, ensuring the authenticity and integrity of the data.
Encryption technology: Use the encryption technology of the blockchain to ensure the security of data during storage and transmission.
Data type:
Basic information: including vehicle manufacturers, models, years, etc.
Run data: such as speed, location, fuel consumption, battery status, etc.
Behavior data: driving behavior mode, frequency of use, etc.
Smart contract:
Automatic execution: Automatically process data access requests and transactions through smart contracts, such as data sales and purchases.
Data access permissions: The owner can set the data through the smart contract, and it can be accessed under what conditions.
3.2.2 Management on the chain
Vehicle authentication and registration:
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Digital identity: Each car will be given a unique digital identity (usually implemented in NFT) on the DIMO platform. This identity includes the detailed information and historical data of the vehicle.
Registration on the chain: The digital identity of the vehicle and its related data are registered and managed on the blockchain to ensure the uniqueness and irreplaceability of the identity.
Data access control:
Chain authority management: The owner can access and adjust the data through the blockchain, and you can access them under what conditions.
Contract execution: When the third party meets the conditions set by the owner, the smart contract automatically authorizes data access.
Transparency and traceability:
Transaction records: All data transactions and access records are publicly recorded on the blockchain, and anyone can verify but cannot be modified.
Audit trajectory: This provides a complete audit trajectory for the use and access of data, increasing system transparency.
Data monetization:
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Market mechanism: Car owners can sell their data on the platform’s market, and smart contracts ensure the fairness and transparency of transactions.
Token economy: The revenue of data sales can be converted into DIMO tokens and further use or trade on the platform.
In this way, DIMO uses the core advantage of blockchain technology to establish a safe, reliable and transparent data management and trading environment, enabling car owners to fully control and use their own vehicle data. At the same time, for the development of the entire automotive ecosystemContribution.
3.3 New products in cooperation with IOTEX (will be launched soon)
Recently, IOTEX and Dimo announced their cooperation, and the two sides will work together to create a new ecosystem of mobile travel in the Web3 era.With its rapidly growing ecological network, IOTEX continues to broaden the new border of DEPIN (decentralized physical infrastructure network) to empower new areas of mobile travel.
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The DIMO network will integrate the world’s first global de -centralized chain to calculate the infrastructure W3BSTREAM developed by IOTEX. Connect the data of the networking vehicle to a smart contract to help Web3 developers easily access the zero -way to move the data and support the incubation revolutionary mobile travel travelDAPP allows consumers and team operators to truly have and control data generated by their vehicles.
The core goal of IOTEX and Dimo is to enhance driving and travel experiences of millions of car owners worldwide.First of all, IOTEX will integrate W3BSTREAM on the DIMO network to create a new design space for developers, supporting the revolutionary DAPP with a subversion of mobile travel.These web3 applications allow car owners and fleet operators to fully control their vehicle data, and unlock innovative services including automotive finance, insurance, shared travel, and vehicle maintenance.
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The W3BSTREAM launched by IOTEX can be regarded as a machine command layer built on the blockchain. It can organize and coordinate a group of machines to complete specific tasks.Data generated by network equipment and machines.
DIMO can customize “digital twins” for users’ vehicles, and saves time and cost for users through insurance, car maintenance, tires, batteries, car sales and financing.At the same time, users can share the data generated by their cars by sharing the data generated by the APP on the DIMO ecological network and earn a token reward.
The cooperation between IOTEX and DIMO provides valuable opportunities for the development and practice of the Depin field. After that, the two parties will launch in -depth cooperation in the areas of W3BSTREAM integration, organization DIMO Data hacker, and marketing activities.
4. DIMO Organization
DIMO tokens are local cryptocurrencies of the DIMO platform to reward and motivate users to participate and contribute in their ecosystems.
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The following are some key information about the DIMO tokens:
4.1 token function
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Reward mechanism: Reward users contribute data and services to the Internet.
Governance: $ DIMO token holders can vote for the operation of the agreement.For example, they control the following decisions: software code upgrades; agreements and standards; who can permit intellectual property; how to generate costs; and how to issue rewards.The holder can even update the attributes and uses of the token itself.
Trading medium: In the DIMO ecosystem, tokens can be used as a transaction medium for purchasing services or payment fees.
Incentives and pledge of ecosystems: companies that produce DIMO compatible hardware, transmit user data, and build applications must participate in it, and have reason to care about the long -term success of DIMO, which is important.Therefore, they must pledge and/or spend $ DIMO token to maintain the license and deploy the product to the network.In this case, pledge is equivalent to margin, just like the deposit that you may deposit when you move into a new apartment.If the pledgeer’s behavior is improper, their part or token may be confiscated.Although this will not bring benefits to pledges, it does force them to become a long -term holder of tokens.
4.2 How to get
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Users can earn DIMO tokens on the DIMO platform in various ways:
Connect to the vehicle: connect the vehicle to the DIMO application.
Data sharing: Share vehicle data to the platform and other users.
Participate in network activities: If you recommend new users or develop applications on the platform.
4.3 Transparency and security
DIMO tokens operate in blockchain technology to ensure that all transactions are safe and unable to be tampered with, and provide users with complete transparency.This transparency and security are achieved by recording vehicle data and transactions on the blockchain, which not only protects the security of data, but also guarantees the complete control of users’ data.
4.4 token supply
The total supply and maximum supply of DIMO tokens are 1,000,000,000 Dimo. As of writing this article, the circulation is 218,392,113 DIMO, accounting for 21.84%of the total supply.
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Judging from the distribution of DIMO tokens, the team occupies 22%, and these tokens have been locked for two years to ensure the team’s long -term promise in the project.Capital partners have received 8% of their share, and they are also locked for two years.Dimo Treasury controls 25% of the tokens and voted by the community to determine its use.The biggest one is the continuous basis of baseline, accounting for 38%. These tokens will gradually be released in the next 40 years, in order to motivate and healthy development for the long -term ecosystem of the project.In addition, 7% of tokens are allocated to the community through airdrops to promote user participation and expand admission rate.
4.5 token performance
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As of now, the price of DIMO is $ 0.279, a decrease of 24.27%in the past week.The market value is about $ 60,902,340, located in the 547th in the ranking.The 24 -hour transaction volume is about $ 805,747, the ratio of transaction volume to the market value is 1.33%, and the market activity rate is low.In the past week, DIMO’s price has gone through a decline, and then some fluctuations have appeared.On the whole, the price shows a downward trend, which may indicate that the market’s confidence in the token or the overall market is not good.
5. Team/partner/financing status
5.1 team
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Andy Chatham, one of the co -founders, graduated from the University of Cornell University, and he is also the CEO of Digital Infrastructure.Alex Rawitz is also the co -founder of Dimo. He is also the chief operating officer and co -founder of the Digital Infrastruction.Earlier, he had served as a client director of Chainalysis.Alex Rawitz focuses on virtual currency/cryptocurrency, and is interested in the Internet of Things, AV, VR, and any other science fiction that may become realistic.Rob Solomon is the co -founder of DIMO. He graduated from the University of Cornell and served as the financial director of Consensys Mesh.
5.2 Partner
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Dimo’s partners include some well -known investors and capital:
Coin Fund: Leading Dimo’s Series A financing wheel
Borderless Capital: Participate in investment, this is a capital company focusing on the AlgranD ecosystem.
Consensus Network: Consensys’s venture capital department is also one of the investors of Dimo.
Lattice Capital, Variant Fund, Slow Ventures: All companies participating in investment show diversified capital support.
StreamR, Packy McCormick, Trevor McFedries, Michael Sena, Amir Haleem, Mason Borda: Including
Rick Wagoner and Kiran Bhatraju: Participate in the support as individual investors.
5.3 financing situation
Dimo has passedTwo rounds of financing raised $ 20.5 millionEssence
DimoThe latest round of financingyesJanuary 16, 2024conductSeries A financingEssenceThis round of financing was led by Coinfund, raised $ 11.5 million, and received the participation of Slow Ventures, Consensys Mesh, Borderless Capital, Bill Akman’s Table Management, and former GM CEO G. Rick Wagoner Jr..The financing has made the company’s total financing so far reached $ 22 million.This round of financing will help DIMO consolidate its basic network position as DEPIN (decentralized physical infrastructure network), and launch more developer tools in the next year.
6. Advanced and disadvantaged analysis
For any blockchain projects, including DIMO, the analysis of future development potential, advantages and disadvantages needs to be considered based on multiple aspects.The following is a general analysis based on the existing information of the DIMO project:
6.1 Advantage:
Innovation technology: DIMO provides an innovative blockchain platform that focuses on vehicle data and the Internet of Things, which is an unsaturated market field.
Open source and community -driven: As an open source project, DIMO can use the knowledge and innovative power of the global developer community to continuously improve its technology and products.
Partner Network: According to available information, DIMO has established contact with a series of capital partners, which provides funding support for the project.
The potential of practical application: DIMO aims to provide practical applications, such as vehicle finance and insurance negotiations, which may attract users who are interested in traditional industries outside the crypto market.
Ecosystem construction: Through incentives and basic distribution, DIMO aims to establish a sustainable ecosystem to promote long -term growth.
6.2 Disadvantages:
Market competition: Although the Internet of Things is a growth space, there are already some competitors in this field. DIMO needs to provide unique selling points to attract users.
Technical complexity: The integration and management of IoT data is very complicated, which may become an obstacle to execution and users.
Large -scale challenges: Although some capital support has been obtained, the DIMO project must take greater steps in expanding its user foundation and network effects to maintain competitiveness.
Regulatory risk: Like all encrypted projects, DIMO may face the risk of constantly changing global regulatory environment, which may affect its operation and expansion plan.
User adoption rate: For many blockchain projects, especially in the Internet of Things and data management, it is still a major challenge to realize large -scale users.
Technical verification: DIMO’s technology and business model takes time to verify its effectiveness and sustainability in the actual market.
6.3 Future development potential:
For future development, DIMO’s success will depend on several key factors:
Sustainable ability of technological innovation
The effective incentive mechanism of attracting users and developers to participate
Successful navigation supervision environment and ensuring compliance
Management and use of partnerships to support growth and expansion
Continuous verification and improvement of its value proposition and user experience
In the future, with the maturity of projects and market changes, DIMO needs to maintain agility and innovation to cope with the changing technical environment and user needs.
7. Project summary
All in all, the DIMO project aims to establish a decentralized software and hardware platform to focus on the integration and management of the Internet of Things (IoT) and vehicle data.It allows vehicle owners to control, share and monetize their vehicle data, and provide an ecosystem of link users, developers and service providers.By using blockchain technology, DIMO ensures the security and transparency of data, while encouraging community participation and contributions through the token award mechanism.Its long -term plan is divided into multiple stages, from the initial users and developers to the final global expansion and technology maturity.DIMO’s success will depend on its technological innovation ability, community active participation, and its navigation capabilities in the global regulatory environment.Despite market competition and technical challenges, DIMO shows a detailed development blueprint and a clear vision for the future of car data.
